Time Inc. cuts some 500 jobs

Time Inc., the publisher of magazines including Time and Sports Illustrated, has begun eliminating about 6% of its head count—nearly 500 jobs—in the biggest round of cuts at the company since 2008."With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform," CEO Laura Lang said in a memo to employees today. "To make this change, we need to operate as smartly and efficiently as possible to create room for critical investments and new initiatives. These reductions are part of this important transformation process. "Meetings with affected employees began Wednesday morning and were expected to continue throughout the day.Staffers had been enjoying a bit of a respite from the regular layoffs under former Chairman and CEO Ann Moore, who eliminated thousands of jobs through cuts and magazines sales in the 2000s. But they also expected a large swing of the axe sooner or later under Ms. Lang, a publishing novice who joined from Digitas in January 2011. One of her first moves was to call a top-to-bottom review facilitated by consultants from Bain & Co., evaluating priorities, opportunities and trouble spots.Time Inc. counted as many as 12,000 employees as recently as 2007, but was down to 8,000 before today's cuts.Time Inc. is not alone in reducing head count, but the scope of today's action is broader than others. Meredith Corp., the publisher of magazines such as... Continue reading at 'Crains New York'

[ Crains New York | 2013-01-30 00:00:00 UTC ]
News tagged with: #trouble spots #meredith corp #home journal #family circle #year totaled #equivalent period #financial results #fourth quarter

Other Publishing stories related to: 'Time Inc. cuts some 500 jobs'


Rachel Howzell Hall, George Saunders, James Hannaham among L.A. Times Book Prize finalists

The Los Angeles Times Book Prizes recognize works in 12 categories, with winners to be announced at USC in person on April 21. James Ellroy will receive a lifetime achievement prize. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-22 15:00:07 UTC ]
More news stories like this | News stories tagged with: #times book #james ellroy #george saunders


Amazon's Kindle Paperwhite Kids falls back to an all-time low

Amazon's Kindle Paperwhite Kids tablet offers a more eye-friendly reading experience than the regular Kindle Kids, but that features comes at a premium price. Right now, though, they're on sale with the biggest discounts we've seen yet, letting you grab one for just $105 or $55 (34 percent) off... Continue reading at Engadget

[ Engadget | 2023-02-22 11:58:13 UTC ]
More news stories like this | News stories tagged with: #kindle #buying advice #lowest price #national geographic #alexa skills #one-year subscription #younger set #direct sunlight #easy reading #real paper #six-inch screen #previous model


Announcing The Sunday Times Charlotte Aitken Young Writer of the Year Award shortlist

The Sunday Times Charlotte Aitken Young Writer of the Year Award is given annually to the best work of fiction, non-fiction or poetry by a British or Irish author of 35 or under. Here at the British Council, we're proud to work with the Prize to support the selected writers early in their... Continue reading at British Council global

[ British Council global | 2023-02-13 14:40:41 UTC ]
More news stories like this | News stories tagged with: #young writer of the year award #irish author #literary editor #non-fiction title #naomi alderman #simon armitage #sarah waters #zadie smith #robert macfarlane #sarah howe #max porter #sally rooney


News Corp cuts driven by Murdoch’s mission to prop up news assets

Weeks after Fox merger scrapped investors say market value languishing because of underperforming businesses in portfolioThe shrinking of Rupert Murdoch’s News Corporation by 1,250 roles after a plunge in profits of almost a third serves as a stark reminder that the billionaire mogul’s abortive... Continue reading at The Guardian

[ The Guardian | 2023-02-10 16:37:18 UTC ]
More news stories like this | News stories tagged with: #news corp #fox news #media empire #stark reminder #news corporation #rupert murdoch


At times, 'Knock at the Cabin' made the book's author want to 'run out of the theater'

While Paul Tremblay is a fan of M. Night Shyamalan's take on his novel 'The Cabin at the End of the World,' he's still chewing over the film's 'way darker' ending. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-08 14:00:18 UTC ]
More news stories like this | News stories tagged with: #night shyamalan #paul tremblay


What Do 10 Years of the New York Times Young Adult Bestseller Lists Say About YA?

The New York Times Young Adult Bestseller list celebrated its 10th anniversary in December 2022. Here's a look at what it shows. Continue reading at Book Riot

[ Book Riot | 2023-02-06 11:36:00 UTC ]
More news stories like this | News stories tagged with: #bestseller lists #bestseller list #10th anniversary


5 times Pamela Anderson's memoir left us wanting more — a lot more

The former 'Baywatch' star opens up in a new memoir, 'Love, Pamela' — to an extent. Here are five excerpts that left us with more questions than answers. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-01-30 14:00:21 UTC ]
More news stories like this | News stories tagged with: #memoir #memoir left


HarperCollins Is Cutting 5% of Its North American Workforce

The publisher, which has been embroiled in a labor standoff since November, will lay off 5% of its North American staff by June 30, the end of its current fiscal. CEO Brian Murray said the company was facing lagging demand and “unprecedented supply chain and inflationary pressures." Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-30 05:00:00 UTC ]
More news stories like this | News stories tagged with: #inflationary pressures


How to watch Tracy Kidder discuss "Rough Sleepers" at the L.A. Times Book Club

Tracy Kidder joins the L.A. Times Book Club to discuss "Rough Sleepers," about a doctor's mission to bring healing to homeless people. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-01-26 22:03:03 UTC ]
More news stories like this | News stories tagged with: #times book #homeless people #rough sleepers


Boris Johnson to publish ‘memoir like no other’ of his time as PM

The book, which so far has no title or publication date, was announced by publisher William Collins, who did not reveal how much Johnson will be paidA memoir by former prime minister Boris Johnson, covering his years as leader, will be published by HarperCollins, it has been announced.The book,... Continue reading at The Guardian

[ The Guardian | 2023-01-16 16:38:43 UTC ]
More news stories like this | News stories tagged with: #memoir #publishing director #harpercollins #william collins #publish memoir #harpercollins uk #boris johnson


New Year, New You: Major Book Biz Job Changes This Week

A series of notable position changes in the industry this week at Anime NYC, Chicago Distribution Center, Henry Holt, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-10 05:00:00 UTC ]
More news stories like this | News stories tagged with: #major book #henry holt


Amazon's Kindle Scribe is on sale for the first time, plus the rest of the week's best tech deals

When we weren't distracted by all the cool stuff at CES, we found some pretty great deals on tech that you can buy right now. Amazon's just-released Kindle Scribe, with both reading and writing capabilities, saw its first-ever discount and Razer discounted many of their 2022 Blade 15 gaming... Continue reading at Engadget

[ Engadget | 2023-01-06 19:05:41 UTC ]
More news stories like this | News stories tagged with: #kindle #follow @engadgetdeals #buying advice #all-time low


The Worst Book Titles of All Time

Let's talk about great book titles. But in order to find out what makes a good book title, let's first explore the worst book titles. Continue reading at Book Riot

[ Book Riot | 2023-01-03 11:36:00 UTC ]
More news stories like this | News stories tagged with: #great book #good book


Exclusive cover reveal: Here’s the cover for Edan Lepucki’s Time’s Mouth

Literary Hub is pleased to reveal the cover for Edan Lepucki’s Time’s Mouth forthcoming from Counterpoint in August 2023. From the  bestselling author of California, comes this “enthralling saga about family secrets that grow more powerful with time, set against the magical, dangerous landscape... Continue reading at Literrary Hub

[ Literrary Hub | 2022-12-15 14:30:17 UTC ]
More news stories like this | News stories tagged with: #bestselling author #family secrets #literary hub #edan lepucki


Protests won't stop Drag Queen Story Time, bookstore owner says

Independent book store Book Keeper will continue to hold Drag Queen Story Time after protests. Continue reading at CBC

[ CBC | 2022-12-13 09:00:00 UTC ]
More news stories like this | News stories tagged with: #bookstore #book store #bookstore owner


500+ Authors Sign Letter Supporting HarperCollins Union’s Strike

More than 500 authors have signed a letter standing with the HarperCollins union as they reach of month of being on strike. Continue reading at Book Riot

[ Book Riot | 2022-12-12 18:27:00 UTC ]
More news stories like this | News stories tagged with: #harpercollins #harpercollins union


Apple's iPad Air drops to $500, plus the rest of the week's best tech deals

We're in the thick of the holiday season, so we're still seeing good deals on a number of gadgets and tech gear we recommend. Apple's iPad Air, for instance, is down to its second-lowest price to date at $500, while Amazon's Fire HD 8 is down to an all-time low of $55. The Xbox Series S is still... Continue reading at Engadget

[ Engadget | 2022-12-09 17:01:40 UTC ]
More news stories like this | News stories tagged with: #e-book #lower cost #multiple retailers #high contrast


How to watch Celeste Ng discuss 'Our Missing Hearts' at the L.A. Times Book Club

"Little Fires Everywhere" author Celeste Ng brings her new bestseller, "Our Missing Hearts," to the L.A. Times Book Club. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-12-08 22:36:02 UTC ]
More news stories like this | News stories tagged with: #times book #missing hearts


Of Inward Migration in Apocalyptic Times

Emergence Magazine is an online publication with annual print edition exploring the threads connecting ecology, culture, and spirituality. As we experience the desecration of our lands and waters, the extinguishing of species, and a loss of sacred connection to the Earth, we look to emerging... Continue reading at Literrary Hub

[ Literrary Hub | 2022-12-05 09:52:06 UTC ]
More news stories like this | News stories tagged with: #print edition #narrated essays #sacred connection #online publication #emergence magazine #emerging stories


The New York Times Bestseller List vs. Their Best of List for 2022

The New York Times just released their Best Books of 2022. How much does it overlap with the bestselling books of the year? Continue reading at Book Riot

[ Book Riot | 2022-12-01 11:40:00 UTC ]
More news stories like this | News stories tagged with: #times bestseller #bestselling books